Jeff Christian: The Fed’s QE Policy Does Not Guarantee Higher Gold Prices
Weekly COT Reports are often misinterpreted
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Erik Townsend, sitting in for Jim Puplava, welcomes Jeffrey Christian, founder of the CPM Group in New York. Jeff believes that the gold price has hit a cyclical peak, within the longer term secular bull market. He also explains why he thinks the Federal Reserve’s money printing policies do not guarantee higher gold prices going forward. Jeff discusses his impressions of the 2012 Shanghai Gold Show, and if the Chinese public is still enthusiastic about buying precious metals. Jeff also explains why the weekly COT Reports are often misinterpreted, and what this means for the price of gold.